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that we should go back to the rates we had when bill clinton was president creating 23 million new jobs and creating more millionaires to boot. we can not only reduce the deficit, encourage job growth through small businesses that we're able to make the investments that are necessary in indication our energy. host: president obama wednesday night at the first debate. alan viard. guest: there are a few things i would take issue with. the bush tax cut to expire for the high income levels and we would be going back to the rate prevailed under president clinton. that is not quite right. there will be a new tax called the unearned medicare income tax will impose an extra 3.8% on interest, dividends, and capital gains. that will be 3.8% higher than clinton tax rates. there will also be a medicare tax will increase. i think that 18 numbers right for cutting taxes on small businesses. republicans have made a tactical mistake when they tried to market this on the ground that they are for small business. the goal of the tax cut is to remove distortions in the economy, but when you focus on its sp
by a little bit. arithmetic has to matter at some point, as bill clinton has said. she would cut taxes by $4.1 trillion and cut spending by $360 billion. should cut taxes by 12 times the rate should cut spending. that's why the university of connecticut says it's a recipe for disaster on the deficit. >> your campaign has talked a great deal about middle-class tax cuts. not so much about poverty or issues of economic inequality. connecticut is obviously a really wealthy state. a recent report noted that half of all children live in poverty. bridgeport, new haven, waterbury are not that far behind. what is your campaign doing to address poverty issues? are there any party programs that are off-limits from budget cuts? -- any poverty programs off limits from budget cuts? >> i absolutely believe we have to have a safety net in place to take care of those people who can't take care of themselves. they did not opt to be in this situation. many of them are struggling. we are a benevolent nation that we want to take care of those who can't take care of themselves. however, i think the best way out o
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